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Blood, Sweat, and Tears: The Rise and Decline of the East German Economy, 1949-1988
Blum, Ulrich; Dudley, Leonard - In: Journal of Economics and Statistics (Jahrbuecher fuer … 220 (2000) 4, pp. 438-452
The rise of the East-German economy in the 1950s and 1960s and its decline in the 1970s and 1980s is difficult to explain by neoclassical economics. However, the observed life cycle may be explained by the inclusion of concepts from old and new institutional economics and from functional...
Persistent link: https://www.econbiz.de/10005027160
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Spurious correlation in estimation of the health production function: A note
Akkoyunlu, Sule; Lichtenberg, Frank R.; Siliverstovs, Boriss - Institut für Volkswirtschaftslehre, … - 2009
In this paper, we address the issue of spurious correlation in the production of health in a systematic way. Spurious correlation entails the risk of linking health status to medical (and nonmedical) inputs when no links exist. This note first presents the bounds testing procedure as a method to...
Persistent link: https://www.econbiz.de/10005756608
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Macroeconomic Forces and Stock Prices: Evidence from the Bangladesh Stock Market
Khan, Mashrur Mustaque; Yousuf, Ahmed Sadek - 2013
-series techniques were used which include Cointegration, Vector Error Correction Model (VECM), Impulse Response Functions (IRF) and … Variance Decompositions (VDC). Cointegration analysis, along with the VECM, suggests that interest rates, crude oil prices and …
Persistent link: https://www.econbiz.de/10010311874
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Financial Cycles and Bankruptcies in the Nordic Countries
Hansen, Jan - 2003
a financial cycle, followed by severe banking crises. Cointegration analysis and Granger causality tests suggest that …
Persistent link: https://www.econbiz.de/10010321312
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Stock market reaction to selected macroeconomic variables in the Nigerian economy
Abraham, Terfa Williams - In: CBN journal of applied statistics 2 (2011) 1, pp. 61-70
This study examines the relationship between the stock market and selected macroeconomic variables in Nigeria. The all share index was used as a proxy for the stock market while inflation, interest and exchange rates were the macroeconomic variables selected. Employing error correction model, it...
Persistent link: https://www.econbiz.de/10011477577
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Finance-Growth Nexus in India : An Evidence from Co-Intergration & VECM
Pal, Mahendra - 2014
years (i.e, 1971-2010) with the help of recently developed time-series techniques (i.e, Unit roots, Johansen's Co-integration …% level. Co-integration results obtained with the help of co-integration technique developed by Johansen and Juselius (1991 …
Persistent link: https://www.econbiz.de/10013058954
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Linkages between Real & Financial Sector : Empirical Evidence from India Using ARDL Approach
Tripathi, Vanita - 2015
(ARDL) model, LM serial correlation test, CUSUM test and Johansen Cointegration test to capture the nature of relation … Credit). ARDL and Johansen Cointegration Test results reveal that GDP is significantly explained by its own past values (both …
Persistent link: https://www.econbiz.de/10013017153
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Hedging against inflation : housing vs. equity
Fehrle, Daniel - 2021
To which extent do equity and housing hedge against inflation? Despite an extensive literature, there is only little consensus. This paper presents new evidence from the Jordà-Schularick-Taylor Macrohistory Database, which covers return rates on housing and equity as well as consumer price...
Persistent link: https://www.econbiz.de/10012544584
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Macroeconomic forces and stock prices : evidence from the Bangladesh stock market
Khan, Mashrur Mustaque; Yousuf, Ahmed Sadek - 2013
-series techniques were used which include Cointegration, Vector Error Correction Model (VECM), Impulse Response Functions (IRF) and … Variance Decompositions (VDC). Cointegration analysis, along with the VECM, suggests that interest rates, crude oil prices and … Prices ; Macroeconomic Factors ; Dhaka Stock Exchange ; Cointegration ; VEC …
Persistent link: https://www.econbiz.de/10009737188
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Analysing the macroeconomic drivers of stock market development in the Philippines
Ho, Sin-yu; Odhiambo, Nicholas M. - In: Cogent economics & finance 6 (2018) 1, pp. 1-18
This paper analyses the macroeconomic drivers of stock market development in the Philippines during the period 2001Q4–2016Q4. In particular, the paper examines the impact of banking sector development, inflation rate, exchange rate, economic growth, trade openness and stock market liquidity on...
Persistent link: https://www.econbiz.de/10011904250